Retirement Planning

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Social Security benefits targeted for cuts by House conservatives
RETIREMENT RETIREMENT PLANNING JUN 15, 2023
Social Security benefits targeted for cuts by House conservatives

A proposal by the House Republican Study Committee would gradually increase the retirement age until it hit 69 for those turning 62 in 2033.

What exactly does financial wellness mean for employers and workers?
RETIREMENT RETIREMENT PLANNING JUN 14, 2023
What exactly does financial wellness mean for employers and workers?

Financial wellness looks and feels different across companies, but all programs should provide employees with the tools and confidence they need to achieve their financial goals.

Fed puts a hold on rate hikes after 15 months of increases
RETIREMENT RETIREMENT PLANNING JUN 14, 2023
Fed puts a hold on rate hikes after 15 months of increases

The Federal Reserve signaled it would likely resume tightening to cool inflation, projecting more increases than economists and investors expected.

House rep wants to keep China and other 'adversaries' out of 401(k)s
RETIREMENT RETIREMENT PLANNING JUN 14, 2023
House rep wants to keep China and other 'adversaries' out of 401(k)s

Legislation proposed this week would bar defined-contribution plans from making new investments in several countries it defines as 'foreign adveraries.'

Bounce in stocks boosts retirement assets in Q1
RETIREMENT RETIREMENT PLANNING JUN 14, 2023
Bounce in stocks boosts retirement assets in Q1

Funds held in individual retirement accounts totaled $12.5 trillion at the end of the first quarter, an increase of 4.3% from the end of 2022.

Bill allowing more types of annuities in retirement plans tops IRI’s lobbying agenda
RETIREMENT RETIREMENT PLANNING JUN 13, 2023
Bill allowing more types of annuities in retirement plans tops IRI’s lobbying agenda

The Insured Retirement Institute is hoping Congress has an appetite for more retirement savings legislation following the SECURE Act and SECURE 2.0.

Estimate for 2024 Social Security COLA drops with inflation
RETIREMENT RETIREMENT PLANNING JUN 13, 2023
Estimate for 2024 Social Security COLA drops with inflation

The Senior Citizens League estimates that the cost-of-living adjustment to Social Security benefits could drop to 2.7% for 2024, down from the 2023 COLA of 8.7%. 

Retirement ages around the world
RETIREMENT RETIREMENT PLANNING JUN 13, 2023
Retirement ages around the world

As French citizens protest the government’s decision to boost the retirement age, we take a look at the age at which people can collect state retirement benefits in other countries.

Tony Soprano's guide to a secure retirement
RETIREMENT RETIREMENT PLANNING JUN 12, 2023
Tony Soprano's guide to a secure retirement

If things are getting better on the retirement front, or at the very least not getting worse, why all the glum faces?

DOL has its say in court on ESG challenge
RETIREMENT RETIREMENT PLANNING JUN 12, 2023
DOL has its say in court on ESG challenge

The plaintiffs and defendant recently filed cross motions for summary judgment of the challenge over the Labor Department's recently implemented ESG rule for retirement plans.

'700 Club' founder Pat Robertson's death raises estate planning questions
RETIREMENT RETIREMENT PLANNING JUN 09, 2023
'700 Club' founder Pat Robertson's death raises estate planning questions

The conservative religious leader and televangelist leaves behind a considerable estate and various nonprofit organizations.

Gen Xers aren't ready for retirement: Prudential
RETIREMENT RETIREMENT PLANNING JUN 08, 2023
Gen Xers aren't ready for retirement: Prudential

A new study shows roughly 35% of Gen Xers have less than $10,000 saved, and 18% have no nest egg at all.

Wealthspire acquires $1 billion firm to expand in the Atlantic region
RETIREMENT RIAS JUN 07, 2023
Wealthspire acquires $1 billion firm to expand in the Atlantic region

Based in Richmond, Virginia, ACG Wealth Management offers investment management, qualified plans, tax strategies and third-party administrator services.

Food bank, homeless shelter donations spike in wake of pandemic, Fidelity Charitable says
RETIREMENT RETIREMENT PLANNING JUN 07, 2023
Food bank, homeless shelter donations spike in wake of pandemic, Fidelity Charitable says

St. Louis was the city that ranked first for overall giving, followed by Salt Lake City and greater Atlanta.

Financial wellness rising but younger workers left behind: Study
RETIREMENT RETIREMENT PLANNING JUN 06, 2023
Financial wellness rising but younger workers left behind: Study

Morgan Stanley at Work's third annual survey showed 66% of employees have reduced contributions to retirement accounts, up from 62% last year, particularly to 401(k) plans, long-term savings, and emergency and short-term savings.

First 401(k) lawsuit over ESG targets American Airlines' $26 billion plan
RETIREMENT RETIREMENT PLANNING JUN 06, 2023
First 401(k) lawsuit over ESG targets American Airlines' $26 billion plan

The case, which is seeking class status, also names Fidelity and Financial Engines as defendants.

Last chance for Social Security claiming strategy
RETIREMENT RETIREMENT PLANNING JUN 05, 2023
Last chance for Social Security claiming strategy

While the rules for claiming Social Security will get a bit simpler starting in 2024, clients will continue to need advice on the best time to claim benefits.

How to navigate your clients through retirement 'crunch time'
RETIREMENT RETIREMENT PLANNING JUN 02, 2023
How to navigate your clients through retirement 'crunch time'

When it comes to retirement planning, the idea of crunch time takes on an entirely different meaning.

InvestmentNews columnist to host new TV show about Social Security
RETIREMENT RETIREMENT PLANNING JUN 01, 2023
InvestmentNews columnist to host new TV show about Social Security

Mary Beth Franklin's show on Maryland Public television will offer guidance not only for individuals currently nearing retirement age, but also those caring for aging relatives or facing changes in their marital status.

Young adults have high ideals but low retirement account balances: TIAA study
RETIREMENT RETIREMENT PLANNING JUN 01, 2023
Young adults have high ideals but low retirement account balances: TIAA study

Forty-two percent of the young adults surveyed say they’re living paycheck to paycheck, and only 33% say they could handle an unexpected major expense.